Simon Quick Advisors LLC Invests $241,000 in Relx Plc (NYSE:RELX)

Simon Quick Advisors LLC acquired a new position in shares of Relx Plc (NYSE:RELX - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,779 shares of the technology company's stock, valued at approximately $241,000.

A number of other hedge funds have also recently bought and sold shares of RELX. Bank of America Corp DE raised its holdings in shares of Relx by 4.2% in the 4th quarter. Bank of America Corp DE now owns 6,246,462 shares of the technology company's stock worth $283,714,000 after purchasing an additional 253,107 shares during the period. Lazard Asset Management LLC lifted its position in shares of Relx by 1.2% during the 4th quarter. Lazard Asset Management LLC now owns 4,224,334 shares of the technology company's stock valued at $191,868,000 after buying an additional 48,793 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Relx by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,189,886 shares of the technology company's stock worth $144,885,000 after acquiring an additional 121,831 shares during the period. Ameriprise Financial Inc. increased its holdings in Relx by 368.7% in the 4th quarter. Ameriprise Financial Inc. now owns 2,807,038 shares of the technology company's stock worth $127,437,000 after acquiring an additional 2,208,119 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Relx by 51.6% in the 4th quarter. Northern Trust Corp now owns 2,191,588 shares of the technology company's stock worth $99,542,000 after acquiring an additional 745,532 shares during the last quarter. 15.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Morgan Stanley reiterated an "overweight" rating on shares of Relx in a research report on Wednesday, April 16th. Barclays upgraded shares of Relx from an "equal weight" rating to an "overweight" rating in a research note on Friday, March 14th. The Goldman Sachs Group began coverage on shares of Relx in a report on Wednesday, March 26th. They set a "buy" rating on the stock. Finally, Wall Street Zen lowered Relx from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy".

Relx Price Performance

NYSE RELX traded down $0.16 on Thursday, hitting $52.34. The stock had a trading volume of 701,973 shares, compared to its average volume of 730,010. The firm has a 50-day moving average of $53.45 and a 200-day moving average of $50.07. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.47 and a current ratio of 0.52. Relx Plc has a 52-week low of $43.45 and a 52-week high of $56.33. The company has a market capitalization of $98.27 billion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 3.19 and a beta of 0.84.

Relx Profile

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.